Dream Payments intros real-time insurance payments

Advertisement

Dream Payments, a digital payments financial technology company, has launched the Dream Insurance Network in the United States. This tool features a Dream API that integrates with insurance software platforms to enable instant digital payments through JP Morgan and The Clearing House Real-time Payment Network, according to a press release.

Three-step network tracking:

Advertisement

  • First, the Dream API sends a notification to the customer that their claim is accepted.
  • The plaintiff then goes to an insurance-branded payment gateway and chooses how they would like to receive their payment, either via ACH, virtual card, check, or instant digital payment.
  • The payment is then sent and the plaintiff and carrier are notified.

“We are excited to operate Dream Payments as it drives innovation in the insurance payments system – our wholesale payments business continues to be the preferred provider of fintech payments globally,” said Cyrus Bhatwala, Global Head of Real-Time Payments, JPMorgan. in version.

In addition, the software platform is integrated into the Dream API to enable automated claims payments for insurance company customers.

Advertisement

.

Advertisement

Leave a reply:

Your email address will not be published.

Site Footer

Sliding Sidebar